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Biz & Tech

Construction

Sat, January 23, 2021 | 08:07

$Ruling on Doosan Infracore's China unit amplifies uncertainties$

Ruling on Doosan Infracore's China unit amplifies uncertainties

Attention is growing over lawsuits involving Doosan Infracore's Chinese subsidiary Doosan Infracore China Co. (DICC) as the legal battle between the excavator maker's Chinese unit and its investors will begin at the Supreme Court, Jan. 14.

Baek Byung-yeul | 2021-01-11 16:32

Builders eye overseas LNG projects to improve profitability

Builders eye overseas LNG projects to improve profitability

Domestic construction firms are eyeing overseas LNG projects as a new cash source, as part of efforts to lower their reliance on the domestic real estate market, which is under strict government regulations to control housing prices.

Nam Hyun-woo | 2021-01-07 09:32

POSCO Chairman Choi Jeong-woo to serve second term

POSCO Chairman Choi Jeong-woo to serve second term

POSCO Chairman Choi Jeong-woo will serve a second term, as the company's board of directors voted to select him as the final candidate for the position, Friday. This comes after the chairman revealed his intention to serve another term at a board of directors meeting last month.

Kim Hyun-bin | 2020-12-11 18:02

Hyundai to be chosen as preferred negotiator for Doosan

Hyundai to be chosen as preferred negotiator for Doosan

Hyundai Heavy Industries (HHI), the country's leading shipbuilder, is “seriously reviewing” the possibility of buying a controlling stake in Doosan Infracore as the acquisition will help it expand its presence in the lucrative construction equipment segment.

Nam Hyun-woo | 2020-12-07 15:31

HDC to supply private rental apartment in November

HDC to supply private rental apartment in November

HDC Hyundai Development Company will start receiving applications of candidates to operate the rental business of its new apartment complex Gocheok IPARK in southwestern Seoul. Gocheok IPARK consists of a residential complex of six buildings standing 45 stories tall and an additional five buildings standing 35 stories tall. The latter embraces 2,205 households and they come i...

Kim Jae-heun | 2020-11-29 15:56

Oman desalination project improves GS E&C's global presence

Oman desalination project improves GS E&C's global presence

GS Engineering & Construction is bolstering its presence in the global market, as its Spanish subsidiary has clinched a 2.3 trillion won ($2.1 billion) desalination project in Oman.

Nam Hyun-woo | 2020-11-26 16:17

$Doosan Infracore bidding hinges on suit over Chinese subsidiary$

Doosan Infracore bidding hinges on suit over Chinese subsidiary

Doosan Group is taking bids from investors to sell off its stake in heavy equipment unit Doosan Infracore, while analysts and industry officials say a pending suit over the firm's Chinese subsidiary will determine how much the group can get out of the sale.

Nam Hyun-woo | 2020-11-20 16:44

$GS E&C, Hyundai eyeing Doosan Infracore$

GS E&C, Hyundai eyeing Doosan Infracore

GS Engineering & Construction (E&C) and Hyundai Heavy Industries are eyeing for major stakes in Doosan Infraore as Doosan's core unit is put up for sale in accordance with Doosan's business normalization process.

Lee Min-hyung | 2020-11-16 16:18

Hyundai to construct Gapcheon1 Triple City Hillstate

Hyundai to construct Gapcheon1 Triple City Hillstate

Hyundai Engineering and Construction revealed its Gapcheon1 Triple City Hillstate model housing estate on Oct. 8. The Triple City Hillstate - consisting of 18 apartment buildings 20 stories high - welcomes 1,116 households in Daejeon.

2020-11-03 13:50

POSCO chairman calls for changes in steel industry

POSCO chairman calls for changes in steel industry

POSCO Chairman Choi Jeong-woo said his company needs to prepare for a paradigm shift in car making, suggesting “new mobility” as a mega-trend for the steel industry.

Kim Jae-heun | 2020-10-28 17:05

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